INMAN COMMUNITY VOLUNTEER FIRE DEPARTMENT CORPORATION (EIN 570756405) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

STEVE FORD

Phone

8644723944

Tax Period

2024-01-01 to 2024-12-31

INMAN COMMUNITY VOLUNTEER FIRE DEPARTMENT CORPORATION, founded in 1980, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMANT THAT PROVIDES FIRE FIGHTING SERVICES IN ITS DESIGNATED AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,940

Program Service Revenue $1,015,449

Investment Income $54

Other Revenue $2,158

TOTAL REVENUE $1,028,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $832,339

Fundraising Expenses $0

Program Expenses $1,099,025

Other Expenses $388,457

TOTAL EXPENSES $1,220,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,028,601	$1,032,664	0.0%
Expenses	$1,220,796	$1,092,839	+0.1%
Net Income	$-192,195	$-60,175	+2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$84,376

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON KINCAID	FIRE CHIEF	40.00	Officer	$69,594	$14,782	$84,376
CHUCK ADAMS	TREAS/COMMIS	3.00	Officer Director	$0	$0	$0
PATTI BABB	COMMISSIONER	3.00	Director	$0	$0	$0
ELTON CHAPMAN	V PRES/COMMI	3.00	Officer Director	$0	$0	$0
STEVE FORD	PRES/COMMISS	3.00	Officer Director	$0	$0	$0
JAMES RILEY	SECRET/COMMI	3.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,028,601	$1,220,796	$1,700,801	$-192,195
2023	$1,032,664	$1,092,839	$1,939,313	$-60,175
2022	$870,084	$1,093,718	$2,271,813	$-223,634
2022	$901,438	$1,082,702	$2,043,509	$-181,264

INMAN COMMUNITY VOLUNTEER FIRE DEPARTMENT CORPORATION